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Trump tariffs: Customs and Border Protection tells judge it can't comply with refund order
CNBC Television· 2026-03-06 18:01
All right, we've got a new filing here from Customs and Border Protection in the Court of International Trade. And what the bureau is saying here uh is that if they can't comply with the judge's order to move forward with these refunds and the reason is technical. They have a system which they call ACE, which handles the what they call the liquidation of the tariffs from previous years.Remember, you kind of pay an estimated tariff and then they liquidate the tariff and tell you what you actually owe at some ...
Hassett on energy prices: There's been 'no discussion' of releasing oil from the SPR
CNBC Television· 2026-03-06 17:30
Kevin, uh, on on crude, what is the, uh, response trigger to, uh, SPR release. Is that even in the mix or the discussion right now. >> Um, you know, I'm involved in every discussion about energy prices and, uh, we have certainly followed every possible uh, you know, possible scenario and have a plan for it.But there has been uh, no discussion that suggested that anytime soon uh, that that would that would happen. I the the bottom line is our expectation is given the the extreme success of uh our military uh ...
Squawk Pod: A weak jobs report & regulating prediction markets - 03/06/26 | Audio Only
CNBC Television· 2026-03-06 17:22
A surprising February jobs report is raising new questions about the strength of the labor market. The economy lost 92,000 jobs last month weighed down by severe winter weather and a strike at a major health care provider. CNBC’s Steve Liesman and San Francisco Fed President Mary Daly break down the data, the broader economic picture, and what it could mean for the Federal Reserve’s interest rate path. Then, former U.S. Congressman Sean Maloney, now CEO of the Coalition for Prediction Markets, discusses the ...
Early indicator of AI labor impact
CNBC Television· 2026-03-06 17:22
There were some signs of possible AI displacement in the jobs number today with information services shedding 11,000 but there may be a new indicator that can better track the labor market of AI as it happens. Our dear DOSA has more on that in today's tech. Hey Dean. >> Hey good morning Carl.Key as it happens. So Anthropic yesterday dropped a new labor study using its own data. This is actual usage from millions of cloud conversations to map which jobs AI is already displacing and which ones it's not yet to ...
San Francisco Fed's Daly says jobs report complicates interest rate call
CNBC Television· 2026-03-06 17:01
I'm certainly not in a in a position to think we should be hiking interest rates, but I think there's a real issue about whether we should me immediately urgently act on the labor market or whether we should wait to think through the data. ...
It's still a pretty weak labor market with very little job growth, says Goldman Sachs' Jan Hatzius
CNBC Television· 2026-03-06 16:47
group. Sticking with the jobs report, here's what NEC director Kevin Hasset from the White House said last hour about it here on CNBC. >> There have been so many strong indicators this month that it's something of a surprise, but there are some weather.There are strikes on the West Coast and I think that we also have this birth death model, the change in the procedure at the BLS. And so I think what we need to start doing with these jobs numbers, at least on the payroll side, is take the average over a few ...
Cramer warns the weak payroll report shows AI-related job losses are here: 'It's the beginning'
CNBC Television· 2026-03-06 16:30
I have to tell you when I saw employment information uh to trend down 11,000. Okay, that has to be AI enough. Enough.We we we sit here and listen to all these companies Carl and they're saying that they can take call centers, they can make sure that the people who are third and fourth year, they don't need to be the it's here. It is it. It's the beginning.>> You mean of AI productivity. Enough. You're done asking questions.>> Yeah. I just say, okay, that's it. People don't want to hire and they're letting p ...
Kevin Hassett on energy prices: There's been no discussion the SPR will be released any time soon
CNBC Television· 2026-03-06 16:08
Kevin, uh, we mentioned the president's post a moment ago. The AP's lead just now is, uh, Trump appears to rule out negotiations with Iran says US will help Iran rebuild after the war. Have we budgeted for that.And what does it do to domestic priorities. >> You know, I I I can't talk really about the timing of the war. That's something that's, you know, ultimately uh that the opponent needs to be surprised by and the president needs to decide on his own.Uh but the fact is it's going way faster from my early ...
Marvell shares surge as AI chip demand drives strong outlook
CNBC Television· 2026-03-06 15:30
Turning back to Marll shares taking off on an earnings beat up over 11% right now. Marll's earnings coming after another blowout beat from another AI linked chipmaker as well. Broadcom both with very bullish commentary on data center demand trends and forecasts that are far ahead of street expectations.Marll noted for Q4 revenue that it should exceed $3 billion with next year's sales approaching 11 billion. In 2028, Marll is talking about sales of 15 billion versus the streets 13 billion with EPS of quote w ...
The wealthy once rushed to Dubai. Now they're scrambling to leave
CNBC Television· 2026-03-06 15:01
Right now, wealthy residents of Dubai scrambling this week to book private jets and charters out of Oman or Saudi, wherever they can get out. A private jet now costing about $250,000 or more just to get you out of there. Now, this wealth flight marks a big turnaround for an emirate that until this week led the world in attracting millionaires.Last year, nearly 10,000 of the world's millionaires moved to Dubai, bringing along $63 billion in wealth. Dubai offered the three things that the wealthy want most. S ...